Goodbye Is The Hardest Word :(

Follow up with my last blog post here… which of your things do you get to keep and which ones should stay with the Malaysian house when you sell it? Indeed… goodbye seems to be the hardest word…

Sorry for that slight detour… now back to the matter at hand. 🙂

Indeed, this is one of the most common and most lingering questions that every homeowner trying to sell a house has to face. See, there are many issues concerning this, among them emotional and financial attachments. I know this myself, because I was moving out from my place at Le Nouvel and it was heart breaking.

You see, emotionally, it would be normally hard to let go of your home. And worse, it is even harder to let go of the things that made a huge part of your home and that which made it comfortable – couches, beds, tables, even the electronic appliances.

Financially, too, you’d have to think about whether or not it is more efficient to sell the appliances and the other furnishings for a higher price and buy new ones or to just put up with fees on moving and temporary storage with bringing all the old stuff to the new place.

Bonus Resource: view more selling tips here from inc.com.

Stay or not? That Is The Question!

And there is not a singular generic answer that would satisfy every kind of home seller and home selling purchase. Here are some of the choices you have when it comes to deciding whether or not to take your stuff with you or just sell it with the Malaysian house:

  • Entitlement and according to law. Basically, most real estate laws require the home seller and the seller’s real estate attorney to identify which things belong to “fixtures” and “personal items”. Fixtures are those things that are physically attached to the house and could cause damage if pulled out and removed. Lighting, kitchen and bathroom fixture and even landscaped plants (yes, even the ones that you traveled for miles to buy from a farm) may be classified as fixtures and should stay with the house. Personal things include practically everything that you could remove and carry without leaving any permanent damage. This is where movable furniture and appliances come in.
  • Contract. Sometimes, there is hardly a line that divides what makes a fixture and what makes a personal item. Garden furniture, the dryer, among other things may pass off as both a fixture and a personal item. If this is questionable, you may have to refer to your and your buyer’s real estate lawyer to agree on a mutually accepted contract on what to label these things.
  • Sell your house fully furnished and move-in ready. Another way to resolve this is to just leave everything as is and sell it with the house. This is selling your house fully furnished complete with all the furniture and the appliances to go with the rest of the house. This may sound like a good deal but it may be risky. You might be forced to pump up your house prices to make up for the cost of the items that went with the house and be snubbed upon by buyers, or lose so much money on buying new stuff that the price of the old house didn’t cover. Veer away from this option if your things are not really in prime condition because you might be turning your potential buyers off instead.

Ah, memories…